FxWirePro: A run through on modified call butterfly spread on NZD/JPY
Dec 04, 2015 11:59 am UTC| Technicals
NZDJPY has experienced an abrupt steep spike up from 79.984 to 82.300 today to break the 81.004 support levels. Use these rallies for a capital gain by deploying butterfly spreads strategy, when your maximum profits are...
Dec 04, 2015 11:46 am UTC| Technicals
The pair has recovered till 185.90 after making a low of 183.97. It is currently trading around 185.33. Short term trend is weak as long as resistance 186.05 holds. Any break above 186.05 will take the pair to next...
How we trace the hackers behind a cyber attack
Dec 04, 2015 11:37 am UTC| Technicals
The Chinese military has been imputed for the recent cyber attack on the Australian Bureau of Meteorology (BOM). The Chinese government has, of course, denied its involvement. And it does seem somewhat convenient that...
FxWirePro: Pound’s rise from channel floor pretty significant
Dec 04, 2015 11:19 am UTC| Technicals
While fundamentalists would like to encounter the results of technical analysis or some time even discard it, we at FxWirePro, dont. Recent move in Pound/Dollar is a nice example of why we dont. Yesterday, as Dollar took a...
Dec 04, 2015 09:14 am UTC| Commentary Technicals
Chinas central bank has lowered CNY-CNH spread by 131pps to 6.3851, to a two-week low. There were strong USD longs in onshore market as the lower fixing rate helps the corporates which need to hedge/unwind short USD...
BTC/EUR faces strong support around $328, break below targets 310
Dec 04, 2015 09:11 am UTC| Technicals Digital Currency
BTC/EUR has recovered till $349 yesterday and started to decline from that level. It is currently trading around 331. Intraday trend is bearish as long as resistance 350 holds. On the higher side minor resistance is...
FxWirePro: GBP/JPY PRBS for hedging - Stay cautious on delta while executing backspreads
Dec 04, 2015 09:03 am UTC| Technicals
Overall trend of this pair fixes it bearish view for a target of 184.604 and may even tumble up to 182.420 in medium terms. We think arresting this potential downside risks by hedging through Put Ratio back Spread is...
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